The following was extracted from Morningstar: Visa and Mastercard: Judge May Not Approve Settlement Brett Horn Jun 14, 2024 Business Strategy and Outlook Visa is a longtime, established market leader that still enjoys strong growth prospects. Despite the ongoing evolution of the payment industry, we think that … [Read more...]

The following was extracted from Morningstar report: ADP Remains a Payroll Powerhouse in the Face of Fierce Competition Emma Williams Jul 31, 2024 ADP Earnings: Resilient Retention and Healthy Demand Round Out Solid Fiscal 2024 Result Emma Williams Jul 31, 2024 Wide-moat ADP reported robust fourth-quarter … [Read more...]

The following was extracted from Morningstar: Lam Is a Titan in Chip Equipment With Strong Memory Exposure and a Wide Moat William Kerwin Aug 1, 2024 Lam Research Earnings: We Raise Our Forecast and Fair Value to $830 From $680 on Stronger Growth William Kerwin Aug 1, 2024 We have raised our fair … [Read more...]

The following was extracted from Morningstar: Raising Our Fair Value Estimate for ASML to EUR 900; TSMC Adoption of High-NA EUV Improves Certainty Javier Correonero Jun 5, 2024 Every Cloud Has a Silver Lining; We Recommend Investors Buy Shares of ASML and Besi Javier Correonero Aug 5, 2024 With … [Read more...]

The following was extracted from Morningstar: Intuitive's Next-Generation Platform Rollout Proceeding in Line With Expectations Alex Morozov Jul 19, 2024 Business Strategy and Outlook Intuitive Surgical continues to benefit from the ongoing global adoption of robotic surgery, even in the procedures we didn't view as likely … [Read more...]

The following was extracted from Morningstar: Microsoft Is Flexing Its AI Leadership and Strengthening an Already Wide Moat Dan Romanoff Jul 31, 2024 Microsoft Earnings: Strap In. Azure Growth Is Set to Accelerate in the Second Half of Fiscal 2025 Dan Romanoff Jul 31, 2024 We raise our fair value estimate … [Read more...]

The following was extracted from Morningstar: Costco's Low Prices, Affluent Customer Base Should Yield Continued Top-Line Gains Noah Rohr Jun 11, 2024 Business Strategy and Outlook Despite operating amid a cutthroat retail industry where competitive advantages are difficult to manifest and omnichannel … [Read more...]

The following was extracted from Morningstar: Netflix Has a Clear Lead on All Streaming Rivals, and Recent Results Show the Gap Widening Matthew Dolgin Jul 19, 2024 Business Strategy and Outlook Netflix is the leading streaming television platform globally and now enjoys the economic benefits of … [Read more...]

The following are extracted from Morningstar: TSMC: Raising Valuation by 45% on Potential Price Hike, and Incremental AI PC and Datacenter Demand Phelix Lee Jun 24, 2024 Business Strategy and Outlook Taiwan Semiconductor Manufacturing Co. is the world’s largest dedicated contract chip manufacturer, or foundry with … [Read more...]

The following are from Morningstar: Paychex Earnings: Robust Revenue Retention and Improved Profitability Despite ERTC Headwinds Emma Williams Jun 26, 2024 We maintain our $120 fair value estimate for wide-moat Paychex following the release of reasonable fourth-quarter and full-year fiscal 2024 results that came in marginally short of our … [Read more...]